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Farmers and Merchants Union Bank

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with a variety of loan programs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their experienced team is dedicated to guiding borrowers through the application process, ensuring clarity and support at every step. With a focus on personalized service, they work closely with clients to understand their unique business goals and financial situations. The bank’s SBA program history includes successful support of numerous small businesses, making them a reliable partner in your growth journey. They are well-versed in the SBA 7(a) loan program, providing flexible financing options with competitive terms. Their commitment extends to fostering economic development within the community, offering expertise in navigating SBA requirements and maximizing available resources. Whether you’re a startup or an established enterprise, they aim to facilitate your access to capital efficiently and effectively. Their local presence in Columbus, WI, combined with a broad understanding of regional economic conditions, positions them as a trusted lender for small business financing needs.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.1
Google Review Count
13
Question 1
What is this place and what can I find here?
Answer 1
This is a local SBA lender offering small business loans, including the 7(a) program, with personalized guidance to help entrepreneurs secure financing for growth and operations.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may also be accommodated during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There may be application and processing fees associated with SBA loans, which will be clearly outlined during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small business owners within the local community and surrounding areas, but eligibility depends on meeting loan criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a personal credit score of 650 or higher is preferred for guarantors.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process usually takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
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